Problem Solution: Lawrence Sports, Inc.
Lawrence Sports is a $20 million revenue company that manufacturers and distributes sporting goods. Revenues are generated by purchasing material from vendors and in turn selling those materials to consumers. Lawrence Sports sources all its materials from Gartner Products and Murray Leather Works. Lawrence Sports encountered problems with capital management and was forced to find ways to improve cash inflow while delaying cash outflow. Negotiating formal contracts, outlining a payment timetable and acquiring business from new vendors will be important in getting Lawrence Sports back to a position to be successful.
Situation Analysis
Issue and Opportunity Identification
Lawrence Sports sources material from two primary vendors, Gartner Products and Murray Leather Works. Gartner Products is a $200 million revenue producer of precision testing equipment, cured leather and fabric for sports accessories and supplies Lawrence Sports with 70%......
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Approximate Word Count: 4357
Approximate Pages: 17 (260 words per double-spaced page) |